Milton Friedman

Economist Theorist American 1912 – 2006

Developed monetarism and argued inflation is always a monetary phenomenon.

380 quotes

"What you call distribution, I call freedom."
Justice
"Nobody spends somebody else's money as carefully as his own."
Truth
"The most basic form of tyranny is the tyranny of the majority."
Freedom
"A free society is one where the standard of living of the poor improves more rapidly than the standard of living of the rich."
Justice
"Expenditures rise to meet income."
Wisdom
"If you want to love yourself, love others like you love yourself."
Love
"The competitive free market is the only system that leads to freedom and prosperity."
Freedom
"The power of freedom is that it enables people to cooperate for mutual benefit."
Power
"Government spending is not free; it is paid for by taxes."
Truth
"The poor benefit more from capitalism than from any other system."
Success
"Price controls do not benefit the poor; they harm them."
Truth
"Responsibility is the flip side of freedom."
Courage
"You cannot legislate morality into people."
Wisdom
"The great paradox is that the more the government tries to help people, the worse off they become."
Truth
"Capitalism has not been tried in America; we have always had a mixed economy."
History
"Self-interest is not a dirty word."
Philosophy
"The role of government is to protect rights, not to provide them."
Politics
"Voluntary cooperation produces better results than coercion."
Peace
"The way to help people is to remove the barriers that prevent them from helping themselves."
"Greed is not the problem; lack of competition is."
Truth
"The only test of whether a policy is good is whether it produces the intended results."
Wisdom
"Freedom to choose is freedom to fail."
Courage
"The power of the free market is that it is impersonal."
Power
"Mutual benefit is the basis of all exchange."
Relationships
"The greatest achievements are produced by people pursuing their own self-interest."
Success
"Government is not the solution to our problem; government is the problem."
Politics
"The paradox of power is that it is limited by freedom."
Power
"The only way to achieve justice is through freedom."
Justice
"The strength of capitalism lies in its flexibility and responsiveness."
Strength
"Imagination is more important than knowledge."
Imagination